The United States has imposed sanctions on oil tankers linked to Iran, escalating its economic pressure campaign against Tehran. This move aims to curb Iran’s oil exports by targeting the shadow fleet of vessels operating under opaque ownership to circumvent existing sanctions. The U.S. shift from financial sanctions to direct maritime enforcement includes potential interdictions. The development comes amid heightened tensions in the Strait of Hormuz, a critical chokepoint for global oil transportation. Market pricing suggests a decreased likelihood of traffic normalization by August 31, with YES odds dropping from 14% to 9.5% over the past week.
Source: Read the original article
